Fair Student Funding Overview for 2017-18 School Year

2017-2018 School Budgets

The transition from the 2016-2017 school year to the 2017-2018 school year ensures that schools are allocated the same base-lined funds they received in the prior year with adjustments only for changes in the number and needs of students, and for changes to the citywide average salary.

Adjustments for Salary:

Schools are fully funded for the FY 2018 value of the collective bargaining related increases for staff active at the start of FY 2017, and for FY 2017 service levels of per diem and per session, adjusted for year-over-year weighted register changes. The FY 2018 collective bargaining adjustment for weighted register change is $566.32 per weighted capita.

During FY 2017 system-wide average teacher salaries, excluding the fully funded collective bargaining increases, decreased from the prior year, therefore the formula for FY 2018 is adjusted to reflect the lower average teacher salary. The FY 2018 average teacher salary adjustment is a reduction of ($11.78) per weighted capita.